Issue 33

Oil & Gas

• Libya’s Oil Production Gains May Flatter To Deceive
• Iran Bags Changuleh Oil Field Studies, Qualifies More Local JV Partners

Refining & Petrochemicals

• Saudi Petchems Firms Report Higher First Half Income As Profits Track Oil Price Rise
• Sadara Starts Up Last Unit At Giant Petchems Complex

Power & Water

• Gulf Crude Burn Falling In 2017, But By Less Than The Rise In Fuel Oil Use

OPEC

• US Shale Output – Gains Continue Despite Cost-Cutting, Fewer New Rigs

Geopolitical Risk

• Egypt: Mid-Size E&Ps Still Living Hand-To-Mouth Despite Gas Renaissance

Corporate

• Dana Gas: Profits Up, Litigation Up, Zora Write-Down Looms
• TransGlobe: Exploration Write-Dow, Cargo Delay
• Mini Egypt Bid Round As GPC Expands

Economics & Finance

• Saudi Cuts Deficit, But Only Thanks To Higher Oil Price

Selected Data

• Germany 2Q17 Crude Oil Imports ('000 B/D): Iraq And Libya Gains Lift Opec, Mena Share
• Benchmark Crude Prices ($/B)
• US Imports From Saudi Arabia Averaged Just 799,000 B/D For The 5 Weeks To 11 August - Lowest Since 2009 (Mn B/D)

Transportation

• Saudi Crude Exports At 33-Month Low As Refineries, Power Plants Take More Crude